Trustmark Co. (NASDAQ:TRMK) Director Gerard R. Host Sells 7,000 Shares of Stock

Trustmark Co. (NASDAQ:TRMK) Director Gerard R. Host sold 7,000 shares of Trustmark stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $38.59, for a total value of $270,130.00. Following the completion of the transaction, the director now owns 16,500 shares of the company’s stock, valued at approximately $636,735. The trade was a 29.79 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Trustmark Stock Down 0.8 %

NASDAQ:TRMK opened at $37.86 on Tuesday. The firm has a market capitalization of $2.32 billion, a P/E ratio of 11.44 and a beta of 0.72. Trustmark Co. has a 12-month low of $22.11 and a 12-month high of $40.60. The company has a quick ratio of 0.86, a current ratio of 0.87 and a debt-to-equity ratio of 0.09. The stock’s fifty day simple moving average is $33.93 and its 200-day simple moving average is $31.98.

Trustmark (NASDAQ:TRMK) last released its quarterly earnings results on Tuesday, October 22nd. The financial services provider reported $0.84 EPS for the quarter, topping analysts’ consensus estimates of $0.82 by $0.02. Trustmark had a return on equity of 9.48% and a net margin of 17.62%. The company had revenue of $192.30 million for the quarter, compared to analyst estimates of $192.77 million. During the same quarter last year, the firm posted $0.64 earnings per share. Equities research analysts expect that Trustmark Co. will post 2.93 earnings per share for the current year.

Trustmark Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Sunday, December 15th. Stockholders of record on Sunday, December 1st will be issued a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 2.43%. The ex-dividend date of this dividend is Friday, November 29th. Trustmark’s dividend payout ratio (DPR) is presently 27.79%.

Institutional Investors Weigh In On Trustmark

Several large investors have recently made changes to their positions in the stock. GAMMA Investing LLC lifted its position in Trustmark by 62.1% in the 2nd quarter. GAMMA Investing LLC now owns 916 shares of the financial services provider’s stock valued at $28,000 after acquiring an additional 351 shares in the last quarter. Harbor Capital Advisors Inc. boosted its position in shares of Trustmark by 2.4% during the third quarter. Harbor Capital Advisors Inc. now owns 17,356 shares of the financial services provider’s stock worth $552,000 after buying an additional 415 shares during the period. Louisiana State Employees Retirement System grew its holdings in shares of Trustmark by 2.0% during the second quarter. Louisiana State Employees Retirement System now owns 30,800 shares of the financial services provider’s stock worth $925,000 after buying an additional 600 shares in the last quarter. CWM LLC grew its holdings in shares of Trustmark by 14.6% during the second quarter. CWM LLC now owns 4,783 shares of the financial services provider’s stock worth $144,000 after buying an additional 611 shares in the last quarter. Finally, Barnes Pettey Financial Advisors LLC lifted its stake in Trustmark by 9.2% in the 2nd quarter. Barnes Pettey Financial Advisors LLC now owns 8,882 shares of the financial services provider’s stock valued at $267,000 after acquiring an additional 750 shares in the last quarter. Institutional investors own 67.64% of the company’s stock.

Analysts Set New Price Targets

TRMK has been the subject of a number of research reports. StockNews.com upgraded Trustmark from a “sell” rating to a “hold” rating in a research note on Thursday, October 24th. Hovde Group upped their target price on shares of Trustmark from $34.00 to $37.00 and gave the stock a “market perform” rating in a research report on Tuesday, October 29th. Truist Financial raised their price target on shares of Trustmark from $35.00 to $36.00 and gave the company a “hold” rating in a report on Friday, October 25th. Finally, DA Davidson upped their price objective on Trustmark from $35.00 to $38.00 and gave the stock a “neutral” rating in a report on Thursday, October 24th. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $35.20.

Trustmark Company Profile

Trustmark Corporation operates as the bank holding company for Trustmark National Bank that provides banking and other financial solutions to individuals and corporate institutions in the United States. The company operates through three segments: General Banking, Wealth Management, and Insurance. It offers checking, savings, and money market accounts; certificates of deposits and individual retirement accounts; financing for commercial and industrial projects, income-producing commercial real estate, owner-occupied real estate, and construction and land development; and installment and real estate loans, and lines of credit, as well as treasury management services.